Freelance, freelancer, women, digitized pen, desktop, computer, desk, screen, working, home, indoor, … [+] confidence getty If there is anything the coronavirus pandemic has shown, it’s that tens of millions of Americans working remotely has not brought about the fall of Western civilization. Yet its impact on the employment landscape should not be underestimated. Some
Taxes
If you haven’t received all of your IRS Forms 1099 in the mail already, you should soon. These critical tax forms arrive in late January or early February and report how much you were paid in the prior calendar year. Don’t ignore these forms, as each one includes your Social Security number and will be matched
tax evasion and avoidance concept getty Glen Stoll has entered into a plea agreement that may spell the end of a long trail of tax shenanigans. The agreement dated January 15, 2021 has Stohl pleading guilty to conspiracy to defraud the United States and evading the payment of federal income taxes. The charges in the indictment relate to
Doctor holding a card with text HSA Health Saving Account medical concept. getty You’ve probably heard of IRAs and maybe FSAs, but what about HSAs? If your employer offers high-deductible health insurance policies, or if you’ve tried shopping around for low-cost health insurance, you may have run across this acronym. As their popularity has grown,
Economic Security Planning, Inc. Today’s column addresses questions about whether spousal benefits are automatic or not, the possibility of receiving spousal benefits after taking retirement benefits at 62 and an unexplained delay in Social Security processing an application. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Imagine opening your door to an IRS Agent flashing a badge from the Criminal Investigation Division of the IRS. Now imagine that the IRS Agent turns out to be a crook. If it sounds far-fetched, read the indictment of Bryan Cho who was arrested and charged with a whole bundle of serious crimes. If he
AFP via Getty Images The biggest story on Wall Street this week hasn’t been the challenging employment numbers or disappointing corporate earnings. Rather it has been the frenzy around Game Stop and the group of investors taking on institutional hedge funds. It is a wild ride that everyone seems to be watching, and it is looking like
UNITED STATES – AUGUST 27: The U.S. Capitol dome is seen at dawn on Thursday, Aug. 27, 2020. (Photo … [+] By Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images State and local governments have been turning to a potentially dicey borrowing tactic to support their budgets as the coronavirus
Millions of Americans are still waiting for their first and second stimulus payments. getty Still waiting for your stimulus check aka economic impact payment(s)? Owe taxes? You might not see a dime. What? Wasn’t the money supposed to come through when you filed your 2020 tax return this spring? That was what the Internal Revenue
Read this if you would be interested in getting a $230,000 tax deduction. Escape getty You can sock away $7,000 in a tax-sheltered IRA, if you’re older. You can do $26,000 with a 401(k) deferral. Or you could be using an entirely different vehicle to put the contribution deep into six-figure territory. Up for discussion